Property listed by Real Broker, Ryan Smagacz 951-296-8095
$1,995,000
Fully Renovated, Turnkey 4-Unit Investment in Silverlake!
Discover your next perfect, hassle-free investment in one of Los Angeles’ most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottom—no detail overlooked—making it an ideal addition to any portfolio.
Property Highlights:
-Prime Silverlake & Echo Park Area only 1.5… Read More miles from popular Silverlake Reservoir, Silver Lake Dog Park, and Echo Park Lake
-Fully gutted and renovated making it a hassle-free turnkey investment
-$175,500 annual rental income
-Attractive 7.03% cap rate and 11.3 GRM.
-Tenants pay 100% of utilities; each apartment has its own electrical meter, gas meter, and water heater.
Property Upgrades:
-Brand new 40 year roof
-Complete interior gut renovation
-New windows
-Brand-new kitchens with modern cabinetry and finishes
-Fully restored bathrooms
-New flooring throughout
-New interior paint
-New lighting, fixtures, and hardware
-All new plumbing and sewer lines
-New main sewer line cleanout
-All new electrical wiring throughout
-New electrical panels
-Updated major building infrastructure
Additional Information:
Photos are virtually staged with furniture. No furniture comes with the sale. Do not disturb tenants. One unit can be available for owner at COE. Listing agent has ownership in property. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1930
MLS Number
DW26116743
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1930, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Ground level with steps
Community
Biking, Curbs, DogPark, Gutters, Lake, Sidewalks
Expenses
Insurance: $4,200, Operating: $30,336, Other Expense: $1,200
Income
Gross Income: $175,500, Gross ScheduledIncome: $175,500, Net Operating Income: $145,164
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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